Loan Workout Officer jobs in Texas
Loan Workout Officer restructures loans; works with lending personnel and borrowers to better secure collateral and/or assets of the borrower. Works with small- and mid-size loans of little to medium complexity. Being a Loan Workout Officer typically requires a bachelor's degree. Typically reports to a manager or head of a unit/department. The Loan Workout Officer works on projects/matters of limited complexity in a support role. Work is closely managed. To be a Loan Workout Officer typically requires 0-2 years of related experience. (Copyright 2024 Salary.com)
Recently Added Loan Workout Officer jobs
Workout Officer
- Santander Holdings USA Inc
-
Texas, TX
FULL_TIME
-
Albany, United States of America
The Workout Officer (AVP, Sr. Associate, Workout) leverages their subject matter expertise for collection and work out of a portfolio of problems loans, efficiently executing workout strategies while proactively minimizing potential losses to the Company. The incumbent is responsible for management of a portfolio of workout cases and repossessed assets including developing, recommending, and executing workout strategies for each portfolio case.
The Workout Officer also monitors activities to minimize the company's exposure to risk. Activities may include quantitative analysis, risk identification and remediation. Represents or supports the reputation of the company to minimize compliance and regulatory risk by resolving issues and ensuring adherence to company and legal standards. Responsible for ensuring that all the company's activities adhere to the necessary rules and regulations, and that the company complies with legal/regulatory statutes and jurisdictions.
Manages a portfolio of problem loan assets, including developing and executing workout strategies, action plans and disposition actions.
Recommends appropriate risk ratings, SCAN ratings, charge-offs, reserves, and accrual status for each loan.
Manages loan workout process expenses and division and corporate expense targets
Ensures approved strategies result in reduction of criticized and classified exposures in accordance with risk management objectives and corporate budgets.
Performs analysis of credit submittals regarding transactions and / or financial strengths to ascertain if borrowers qualify for financing restructures. Develop and recommend for approval charge-offs, reserves, settlements, and Loan Restructures as appropriate.
Coordinates reporting, analysis, and vendor management for assigned portfolio.
Monitors portfolio and quality assurance in compliance with corporate policy.
Ensures compliance with training, statutes, valuation and environmental policy
Oversees and ensures consistent quality control, accuracy, and compliance with internal policies and regulatory requirements for reporting processes.
Mentors and coaches work of junior level workout professionals.
Leads special workout projects, programs, and other related workout activities.
Communicates recommendations and credit risk management processes to management that strengthens the organization and enhances overall supervision of lending methods and provides tools to continually measure effectiveness.
Qualifications:
Education: Bachelor's Degree in Business, Accounting, Finance, Economics or equivalent work experience required. Master’s Degree, Business, Accounting, Finance, Economics or equivalent field preferred.
Experience: 9 years in Commercial & Industrial ("C&I") Loan Workout.
Advanced knowledge of credit risk management, collection and workout best practices, identification, resolution and implementation.
Demonstrated experience facilitating change to achieve measurable results.
Detail orientated with the ability to also understand overall strategy.
Excellent interpersonal, supervisory, and customer service skills required.
Excellent written and verbal communication skills
Excellent critical thinking skills with the ability to be adept in identifying and resolving complex risk management problems.
Excellent project management skills.
Ability to build and foster internal relationships.
Ability to lead, influence and direct peers, subordinates and management.
Ability to interact with senior level management; experience interfacing with multiple levels of the organizational structure.
Self-directed, self-motivated and demonstrated experience providing ideas and solutions to further business understanding.
At Santander, we value and respect differences in our workforce and strive to increase the diversity of our teams. We actively encourage everyone to apply.
Santander is an equal opportunity employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, genetics, disability, age, veteran status or any other characteristic protected by law.
This job description does not list all of the job duties of the job. You may be asked by your supervisors or managers to perform other duties. You may be evaluated in part based upon your performance of the tasks listed in this job description. The employer has the right to revise this job description at any time. This job description is not a contract for employment and either you or the employer may terminate at any time for any reason.
The base annual salary range for this position is $115,875 to $165,000. The exact compensation may vary based on skills, experience, training, licensure and certifications and location.
Bachelor of Science (BS) English
Primary Location: Santander Consumer, TX, SCUSA-Remote Office
Other Locations: New York-Albany,Pennsylvania-Philadelphia
Organization: Santander Bank N.A. - Just Posted
Loan Officer
- Lennar Corporation
-
San Antonio, TX
FULL_TIME
- Loan OfficerUS-TX-San AntonioJob ID: 2024-31791Type: Regular Full-Time# of Openings: 1Category: SalesLENMORT - San Antonio TXOverviewLennar Mortgage is centered around personal growth, innovation, and...
- 2 Days Ago
Loan Officer
- Megatel Homes
-
Dallas, TX
OTHER
- Job Details Job Location: Corporate - Dallas, TX Position Type: Full Time Salary Range: Undisclosed Job Shift: Day DescriptionLoan Officer MCI Mortgage is Megatel Homes lender. As MCI Mortgage Loan Of...
- 3 Days Ago
Loan Officer
- FIRST NATIONAL BANK
-
LIVINGSTON, TX
OTHER
- Job Details Job Location: Main Branch - LIVINGSTON, TX Salary Range: Undisclosed DescriptionFirst National Bank has been committed to serving the community for over 120 years! If you are lookingfor th...
- 3 Days Ago
Loan Officer
- AgTrust Farm Credit
-
Denton, TX
FULL_TIME
- Loan Officer at AgTrust Farm CreditAgTrust Farm Credit is a premier resource to help people in urban areas who aspire to find and purchase their ideal home in the country. In addition, we help farmers...
- 4 Days Ago
Loan Officer
- Cornerstone Capital Bank
-
Houston, TX
FULL_TIME
- Who we are: We honor God by using our talents to make a positive difference in the lives of our Team Members, Clients, Shareholders, Communities, and the People who provide services to us. What we are...
- 5 Days Ago
Loan Workout Officer jobs at Popular Companies
Sr. Loan Officer
- New American Funding
-
- Inside Loan Agents receive 100% inbound calls from qualified home shoppers looking to make their next purchase. We pay t...
- 6/10/2024 12:00:00 AM
Loan Workout Officer III
- Fulton Bank
-
Lancaster, PA
- Value Proposition: Our values define us and our culture inspires us to change lives for the better. Our employees are th...
- 6/10/2024 12:00:00 AM
Commercial Loan Workout Officer (Hybrid Remote) - To 90K - Texas - Job 3248
- The Symicor Group
-
Austin, TX
- Our client is seeking to fill a Hybrid Remote Commercial Loan Workout Officer role located near either Austin, McAllen o...
- 6/10/2024 12:00:00 AM
Sr. Loan Officer
- New American Funding
-
Riverside, CA
- Overview: Inside Loan Agents receive 100% inbound calls from qualified home shoppers looking to make their next purchase...
- 6/10/2024 12:00:00 AM
Sr. Loan Officer
- New American Funding
-
- Inside Loan Agents receive 100% inbound calls from qualified home shoppers looking to make their next purchase. We pay t...
- 6/9/2024 12:00:00 AM
Loan Officer
- CapCenter
-
Richmond, VA
- CapCenter is looking for a Loan Advisor to help pursue our mission: simplifying the homeownership journey with consolida...
- 6/7/2024 12:00:00 AM
Sr. Loan Officer
- New American Funding
-
- Inside Loan Agents receive 100% inbound calls from qualified home shoppers looking to make their next purchase. We pay t...
- 6/7/2024 12:00:00 AM
Sr. Loan Officer
- New American Funding
-
- Inside Loan Agents receive 100% inbound calls from qualified home shoppers looking to make their next purchase. We pay t...
- 6/7/2024 12:00:00 AM
About Texas
Texas (/ˈtɛksəs/, locally /ˈtɛksɪz/; Spanish: Texas or Tejas Spanish pronunciation: [ˈtexas] (listen)) is the second largest state in the United States by both area and population. Geographically located in the South Central region of the country, Texas shares borders with the U.S. states of Louisiana to the east, Arkansas to the northeast, Oklahoma to the north, New Mexico to the west, and the Mexican states of Chihuahua, Coahuila, Nuevo León, and Tamaulipas to the southwest, while the Gulf of Mexico is to the southeast.
Houston is the most populous city in Texas and the fourth largest in the...
Source: Wikipedia (as of 04/11/2019). Read more from Wikipedia
Income Estimation for Loan Workout Officer jobs
$64,812 to $91,429
Most Popular Cities in Texas for Loan Workout Officer Jobs
What does a Loan Workout Officer do?
Loan Workout Officer in Anaheim, CA
Administers and restructures problem loans and deposit relationships, including extremely complex situations, with very little managerial supervision, to assure optimal levels of principal, interest and expense recovery.
November 30, 2019
Loan Workout Officer in Canton, OH
Develops and implements strategies to recover principal from borrowers whose non-performing loans have been charged off.
January 31, 2020
Loan Workout Officer in Indianapolis, IN
Still founder-led by Chairman and Chief Executive Officer Richard Fairbank, Capital One is on a mission to help our customers succeed by bringing ingenuity, simplicity, and humanity to banking.
January 06, 2020